Active addresses surged as the project confirmed new development during the week. INJ’s price action went positive after capitalizing on the $6.28 support. Over the last seven days, Injective Protocol [INJ] made some notable developments and progress. The protocol, which focuses on decentralized derivatives trading, has integrated Polygon [MATIC]. During the same period, it also
The United States equities markets welcomed the debt ceiling deal and the May nonfarm payrolls data on June 2 with strong rallies. The S&P 500 rose 1.8% during the week while the tech-heavy Nasdaq was up 2%. This was the sixth successive week of gains for the Nasdaq, the first such occasion since January 2020.
Cryptocurrency markets are well-known for their volatility, where large price swings help investors create or lose fortunes. Yet there are often periods of relative stability where the tight price action bores some while being an opportunity for others. Since the beginning of the year, Bitcoin’s (BTC) price has soared by over 60%, climbing from around
The negative on-chain volume in profit could trigger a rise to $2,000. Analysts argued about the possibility of ETH flipping BTC. Ethereum [ETH] experienced significant profit-taking after its slight uptick in the last seven days, Santiment disclosed. With market dynamics and investor sentiment impacting its price, the altcoin crossed the $1,900 market. 🤑 #Ethereum is
Bitcoin (BTC) is currently experiencing a tumultuous period, as highlighted by crypto trader and analyst Ali Martinez. With an astute eye for market trends, Martinez has taken to Twitter to share his belief that Bitcoin’s price is poised for further decline. According to his analysis, Bitcoin seems to be succumbing to downward pressure from multiple
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Solana [SOL] performed well in the last week of May. On 25 May, SOL, which had been trending downward since mid-April, bounced higher from the $19.25 support level. At press time, the price was
Global search interest for the term “AI” has reached a new all-time high on Google, though it’s yet to hold a candle to peak Bitcoin (BTC) mania in 2017, data has revealed. Artificial intelligence has dominated headlines over the past few months, with some suggesting that it’s the latest “tech fad” after crypto and the
Investors overlooked contributing to ShibaSwap’s TVL. SHIB’s volume remains unimpressive while its price shredded significant numbers in the last 90 days. At the height of the 2021 bull market, Shiba Inu [SHIB] was at the forefront of leading price rallies. This performance, and the attention it gained, led ShibaSwap’s Total Value Locked (TVL) to hit
Despite a 44% decline in Bitcoin (BTC) mining profitability over the last year, some Bitcoin mining companies have continued to build and increase production, according to recent announcements. On June 1, American Bitcoin mining firm CleanSpark announced that it had purchased 12,500 brand-new Antminer S19 XP units for $40.5 million. The deal worked out at
The European crypto scene has gained significant traction over the past few years, with a surge in the interest in and adoption of cryptocurrencies and blockchain technology. While the crypto industry is often associated with decentralization, innovation and financial freedom, it is not immune to various political ideologies and influences, and right-wing movements are no
Bitcoin (BTC) “consolidation” could end by July, new research predicts as optimism over a BTC price breakout returns. In its latest market update on June 2, trading firm QCP Capital revealed a bullish bias on both Bitcoin and largest altcoin Ether (ETH). QCP Capital: Bitcoin consolidation “played out perfectly” Bitcoin price has been ranging between
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. In mid-April, Cardano [ADA] faced rejection from the $0.46 highs. The inability of the bulls to defend the $0.4 support meant the price has trended downward for the past month. This saw a change
The United States equities markets rallied sharply on June 2 even though the nonfarm payrolls in May rose 339,000, blowing past economists’ expectations of a 190,000 increase. A few analysts pointed out that the market was possibly encouraged by the slower growth rate of hourly earnings which was slightly below estimates and an uptick in
Data shows that Bitcoin investors aren’t displaying the “buy the dip” mentality, despite the cryptocurrency’s price registering a hit recently. Bitcoin Market Isn’t Showing Any Interest In Buying This Dip According to data from the on-chain analytics firm Santiment, the kind of FUD that’s present in the Bitcoin market right now has historically provided good
Tron announces yet another transaction-related milestone. Bulls refuse to be rushed despite signs pointing towards them regaining dominance. There’s no doubt that Tron [TRX] has been among the best-performing blockchain networks lately. As a result, investors have been gaining confidence in its native crypto TRX, Interestingly, the network recently added another reason for this confidence.
The Bitcoin network is home to a variety of data that can offer investors, academics and fans useful insights. However, those without significant IT abilities might find it difficult to obtain this data. The good news is that anyone may explore Bitcoin network data without having substantial technical knowledge thanks to the user-friendly tools, platforms
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